The brokerage expects the cement sector to enter an upcycle as demand growth outpaces supply, supporting utilisation and margins. Dalmia Bharat offers the highest upside among ICICI Direct’s picks, with a target price of Rs 2,650 versus a current market price of Rs 2,010, implying an upside of about 32%.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)